Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto fireworks as Kaspa (KAS), Render (RNDR) and Solana (SOL) smash resistances

Crypto fireworks as Kaspa (KAS), Render (RNDR) and Solana (SOL) smash resistances

CryptodailyCryptodaily2023/11/16 15:03
By:Laurie Dunn

Table of Contents

  • Kaspa is king right now
  • Render makes a higher high
  • Solana: the Ethereum of the last bull market

The crypto bull market is really starting to make those in financial circles sit up and stare. Total crypto market cap hits $1.4 trillion as Kaspa, Render, and Solana put on a fireworks display.

Wednesday’s crypto pump possibly put the more seasoned crypto investors in mind of crypto bull markets of old. The bitcoin price drove well into the $37,000 area with a more than 5% gain, and a lot of cryptocurrencies even did a lot better than this.

Kaspa is king right now

Crypto fireworks as Kaspa (KAS), Render (RNDR) and Solana (SOL) smash resistances image 0

Source: Trading View

As has been the case over previous days and weeks, Kaspa (KAS) has been one of the stars of this particular move upward by the crypto sector. Wednesday saw a 30% green candle with only a small wick to the upside by the end of the day.

Thursday morning witnessed another big 23% surge up and past the 1.618 level for this move. Some retracement has taken place, but at time of going to press price is moving upwards once again.

Render makes a higher high

Crypto fireworks as Kaspa (KAS), Render (RNDR) and Solana (SOL) smash resistances image 1

Source: Trading View

Render (RNDR) reached a local top in mid-May before a deep 57% retrace took the price all the way back to $1.24. The large upside pump of Wednesday and Thursday enabled $RNDR to make a higher high. Currently just above the $3 level, $RNDR looks to be on course to hit the 1.618 fibonacci level at $4.

Solana: the Ethereum of the last bull market

Crypto fireworks as Kaspa (KAS), Render (RNDR) and Solana (SOL) smash resistances image 2

Source Trading View 

Solana is continuing to smash its way through resistance after resistance, piercing through $47 and now on its way to $79. It doesn’t look as if anything is going to stop Solana being the Ethereum of the last bull market.

Be that as it may, a deeper pull-back in the order of 30% or so will have to happen at some point. Crypto is still a miniscule market in comparison with equities, bonds, and other financial assets, so volatility is going to continue to be a concern. Trade wisely with proper risk management.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04